Sorry if I’m splitting hairs here, but are you starting the Financial Peace course next week?  

[Short Term Rental]Scenario 1: Guest plants a DHH (dreaded human hair) in the refrigerator.

You may find some quality time spent with these to be a life-changing, or at least a life-affirming experience, as I did. 

THey all need to be affirmatively waived to keep the deal alive:1) Physical - Usually you get 30 days to get someone that knows the mechanics of a building and either accept the building as-is, ask for repairs or do a retrade (ie price adjust).2) Books/records - Get 30 days AFTER you receive books and records to verify the income/expense numbers you based your price upon.3) Title review - Usually 2 weeks AFTER you get a PTR (Prelim Title Report).  

When we got upstairs, it was so dirty I almost hired a cleaner because every inch of the unit was covered in dog hair, including the inside of the fridge.

But it is making the hair on the back of my neck stand up.The loan payment is really soft at 3.75% over 30 years, but it has a lot of provisions whereby I can't:- use the loan proceeds except for "working capital,"- can't distribute assets or make loans to myself or to any other company I have an interest in,- have to keep detailed records on use of loan proceeds and all other income and expenses, and- many other onerous provisions.Then it has civil and criminal penalties if I violate any of the numerous "hard to understand, let alone follow" loan provisions throughout the document.Please see the actual promissory note and loan authorization packet attached here and please let me know what you guys think about this:https://www.dropbox.com/s/0p7iwe68c1f4qd6/SBA%20EIDL%20Disaster%20loan%20Promissory%20note%20and%20loan%20authorization.pdf?

For example, many SBA lender's have a hard time lending to a hair salon because many salons rent out the chairs and the lender views the business as not occupying 51% of the space. 

I don't have a pet, but after the last few years and finally turning things around I'm just being very cautious, and I see a lot of ways this could go wrong--dogs tearing up the place, hair everywhere, going to the bathroom on the floor, poop in the yard...

If it turns out another price adjustment seems justified, being at $250K or a hair under will put you in the search parameters of a lot more people because they tend to search in 25K and 50K increments.- Before trying that, if you have the time, you could try this, which may sound gimmicky but I have found it to be very helpful: Get the cloudy skies in your photos replaced with realistic blue skies. 

In my experiences the best deals are the ones that have a little hair on it and you know how to solve it.